These top European energy companies are set to pay for Russian gas in rubles to meet Putin's demands despite EU warnings: report
- Companies in Germany, Austria, Hungary, and Slovakia are set to pay for
Russian gasin rubles, sources told the Financial Times.
- That includes two of the largest importers of Russian gas — Uniper and OMV — according to the FT.
Companies in Germany, Austria, Hungary, and Slovakia are set to meet the Kremlin's demand that natural customers register for a new payment mechanism that facilitates
Despite warnings from the European Union that such payments would violate
Two of the largest importers of Russian gas are said to be participating — Düsseldorf-based Uniper and Vienna-based OMV. And by the end of May, Italy's Eni may sign up for the ruble payments as well, though it is still considering its options, according to the FT.
For nations complying with the new ruble payment scheme, they must pay Gazprombank in euro-denominated deposits, which the firm would then convert to rubles in a second account opened in their name.
Earlier this week, however, Gazprombank rejected a ruble payment from a trading firm Germany had seized from Moscow.
Despite widespread condemnation of Russia's war on Ukraine,
In April, Ukraine had called for the world's largest energy traders to stop handling Russian oil altogether.
"They are in this cycle of financing war crimes and genocide against Ukrainian citizens," Oleg Ustenko, advisor to Ukraine President Volodymyr Zelenskyy told the FT.
- Engaging with competent authorities, use only genuine cheese, says McDonald's
- Apple's India revenue up 42% to $8.7 bn in 2023: Morgan Stanley
- Reserve Bank asks NPCI to help continue operations of Paytm app
- Top 10 places to visit in Andhra Pradesh
- CBI to arrest Kejriwal in few days, will serve him notice by evening: AAP